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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Tuesday, March 19, 2013

VIX Pops on News of the Cyprus Finance Minister's Resignation

As shown on the Daily chart below, the VIX has popped above a confluence of price, Fibonacci fanline, and mid-Bollinger Band resistance, while the SPX dropped to a low of 1541.32 (as at 12:25 pm EST).

We'll see if it holds pending the resolution of the Cyprus bailout situation.


***UPDATE March 20, 2013: One minute the rumours say he's out...next minute the rumours say he's still in...one minute ECB says they're going to bail out Cyprus, and the next minute they're going to delay a decision...it seems we're being subjected to the same rumour-mongering and market manipulations that have emerged countless times over the past several years with respect to Euro-calamities...the saga continues this year.

"Caveat Emptor!"
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